NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) releases commentary on the widespread improvements in May 2020 state-level unemployment compared to April 2020.
May statewide unemployment data reveal a widespread reversal of the months-long upward trend as states began to emerge from lockdown. As the economy continues to advance through the various reopening phases, some of these reversals may be short-lived, while others may solidify.
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KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) with the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA. Kroll Bond Rating Agency Europe Limited is located at 6-8 College Green, Dublin 2, Ireland.